XML 73 R57.htm IDEA: XBRL DOCUMENT v3.23.1
Additional Information: Condensed Financial Statements of the Company (Tables)
12 Months Ended
Dec. 31, 2022
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Statements of Comprehensive Income/(Loss) of the Parent Company
(Amounts expressed in thousands of US$ except for number of  Years ended December 31, 

shares and per share data)

  2020   2021   2022 
Operating expenses   (50,638)   (10,399)   (4,289)
Loss before income tax   (50,925)   (10,266)   (4,472)
Loss from subsidiaries and former VIEs   (12,490)   (35,775)   (15,381)
Net loss   (63,415)   (46,041)   (19,853)

 

Schedule of Condensed Balance Sheets of the Parent Company
(Amounts expressed in thousands of US$ except for number of  Years ended December 31, 
shares and per share data)  2021   2022 
Cash and cash equivalents   133    463 
Amounts due from subsidiaries and former VIEs (note a)   126,536    127,308 
Others   8    
 
Total assets   126,677    127,771 
           
Accounts payable, accrued expenses and other liabilities   1,188    397 
Deficit in subsidiaries and former VIEs   101,138    113,938 
Others   262    204 
Amounts due to subsidiaries and former VIEs (note a)   3,997    3,683 
Total liabilities   106,585    118,222 
Total shareholders’ equity   20,092    9,549 

 

Schedule of Condensed Statement of Cash Flows of the Parent Company
(Amounts expressed in thousands of US$ except for number of  Years ended December 31, 

shares and per share data)

  2020   2021   2022 
Cash flows from operating activities            
Net cash used in operating activities (note a)   (1,514)   (1,483)   (3,355)
Cash flows from investing activities               
Intercompany fund transfers   (38,598)   (3,000)   
 
Net cash used in investing activities (note a)   (38,598)   (3,000)   
 
Cash flows from financing activities               
Proceeds from initial public offering, net of issuance costs   29,904    
    
 
Proceeds from exercise of share options   
    1,284    
 
Proceeds from issuance of convertible bonds   
    
    4,735 
Redemption of convertible bonds   
    
    (1,050)
Net cash generated from financing activities   29,904    1,284    3,685 
(Decrease)/increase in cash, cash equivalents and restricted cash   (10,208)   (3,199)   330 
Cash, cash equivalents and restricted cash at beginning of year   13,540    3,332    133 
Cash, cash equivalents and restricted cash at end of year   3,332    133    463 

 

The condensed financial information of the Company for the year ended December 31, 2020 has been revised to (i) reflect a reclassification adjustment on the presentation of cash flows between the Company and its subsidiaries within the Group. Such cash flows were previously inappropriately presented under the operating activities of the condensed financial information of the Company. The condensed financial information has been revised to properly reflect the cash flows from the Company to its subsidiaries as the investing activities amounted to US$38.6 million in FY20; and (ii) reflect a reclassification adjustment on the presentation of the amount due from entities within the Group from current to non-current in nature amounted to US$123.3 million in FY20 and the amount due to entities within the Group from current to non-current in nature amounted to US$3.9 million in FY20. Management considered the revision is immaterial, the impact of the revision was eliminated in consolidation, and there is no impact on the previously reported consolidated financial position, results of operations or cash flows.